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Historical Ontario Economic Performance Data
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About
The Ontario Economic Accounts (OEA) dataset provides a detailed, quarterly assessment of the province's economic state. Drawing on data from Statistics Canada, this material offers significant insights into a wide range of economic indicators and long-term trends affecting the Ontario economy. It is a foundational resource for tracking provincial economic health and performance over a substantial historical period.
Columns
The dataset includes 27 fields providing granular detail on expenditure-based gross domestic product (GDP) and related accounts:
- Year: The year corresponding to the economic data.
- Quarter: The fiscal quarter (1, 2, 3, or 4) during which the data was gathered.
- Annualized per cent change from previous quarter: The percentage change in economic indicators compared to the preceding quarter, calculated on an annualized basis.
- Final consumption expenditure on goods and services: The total expenditure by consumers on goods and services, expressed in dollars.
- Household consumption expenditure: The total dollar amount spent by households on goods and services.
- Durable goods: Household expenditure on durable goods, in dollars.
- Semi-durable: Household expenditure on semi-durable goods, in dollars.
- Non-durable: Household expenditure on non-durable goods, in dollars.
- Services: Household expenditure on services, in dollars.
- Nonprofit institutions' final consumption expenditure: The total dollar expenditure by nonprofit institutions on goods and services.
- Government current expenditure: The total current spending by the government, measured in dollars.
- Total gross fixed capital formation: The overall investment in fixed capital assets, measured in dollars.
- Business gross fixed capital formation: Investment in fixed capital assets specifically made by businesses, measured in dollars.
- Residential structures: Investment in residential structures, in dollars.
- Non-residential structures: Investment in non-residential structures, in dollars.
- Machinery and equipment: Investment in machinery and equipment, in dollars.
- Intellectual property products: Investment in intellectual property products, in dollars.
- Nonprofit institutions' gross fixed capital formation: Investment in fixed capital assets by nonprofit institutions, measured in dollars.
- Government capital expenditure: Capital spending by the government, measured in dollars.
- Exports of goods and services: The total dollar value of goods and services exported.
- Imports of goods and services: The total dollar value of goods and services imported.
- Investment in inventories: The investment made in inventories, measured in dollars.
- Nonfarm: Investment in nonfarm inventories, in dollars.
- Farm: Investment in farm inventories, in dollars.
- Statistical discrepancy: The dollar difference between the sum of components and the total GDP.
- Gross Domestic Product at market prices: The total dollar value of goods and services produced within Ontario at market prices.
- Final domestic demand: The total domestic demand for goods and services, measured in dollars.
Distribution
The dataset contains 174 valid records across 27 columns, typically provided in a tabular format. The expected update frequency for this economic information is quarterly, ensuring current and timely data tracking.
Usage
The data is essential for various applications including:
- Economic Analysis: Assisting in forecasting, planning, and understanding the economic dynamics of the Ontario province.
- Policy Analysis: Supporting policymakers in monitoring current trends and making necessary adjustments to economic policy.
- Investment Decisions: Providing insights that help businesses and investors formulate optimal investment strategies.
- Academic Research: Enabling researchers to explore long-term economic trends and their implications for the region.
- Strategic Planning: Offering a clear snapshot of current and historical economic conditions to inform business and governmental strategy.
Coverage
The data is exclusively focused on the Ontario, Canada economy. The temporal scope is extensive, starting on January 1, 1981, and extending up to June 30, 2024. The data covers core economic indicators, including detailed breakdowns of expenditure and asset groups, providing a robust foundation for long-term economic performance assessment.
License
CC0: Public Domain
Who Can Use It
Intended users include:
- Economists (Public and Private Sectors): For economic forecasting and detailed analytical reports.
- Credit Rating Agencies: To assess and understand the financial and economic health of the province.
- Policymakers: For monitoring trends and implementing evidence-based economic policies.
- Academic Researchers: To study macro-economic long-term shifts and provincial economic history.
Dataset Name Suggestions
- Ontario Quarterly Economic Accounts (1981–2024)
- Provincial Macroeconomic Indicators: Ontario GDP Expenditure
- Historical Ontario Economic Performance Data
- Quarterly Canadian Provincial Economy Tracker
Attributes
Original Data Source: Historical Ontario Economic Performance Data
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